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Greek Debt

The Tipping Point?

David C. Wittig | Posted 11.07.2015 | World
David C. Wittig

If Greece continues to refuse to deal with the NPL problem, it is only a matter of time before the Europeans simply cut the Greeks off completely.

The Tipping Point?

David C. Wittig | Posted 11.07.2015 | World
David C. Wittig

Question ... "When is the tipping point?" Do you recognize it before it happens or only after? Has Greece already tipped over? The current governme...

27 Powerful Pieces Of Graffiti That Paint Greece's Frustration Amidst Crisis

The Huffington Post | Sara Elkamel | Posted 08.08.2015 | World

Greece’s debt crisis reached new heights last month as the government in Athens and the country's international creditors engaged in contentiou...

A Death in Brussels

Michael Brenner | Posted 07.23.2015 | World
Michael Brenner

Let's tell it straight: "Europe" committed suicide last weekend in Brussels. It was an assisted suicide. The IMF wrote the original story line and set the scene; the European Central Bank provided the revolver and ammunition; while Germany unrelentingly urged that the suicide was a necessary act of moral redemption that was imperative to save the EU from eternal damnation.

Greece at Point Zero. Night of Decision in Parliament -- Night of Protests on the Streets

Margarita Mavromichalis | Posted 07.16.2015 | World
Margarita Mavromichalis

Last night in Athens was marked with heated conversations in the parliament as the government was pressed to get the new measures passed to secure Greece's place within the Eurozone.

Bernie Sanders Backs Greek Rejection Of Austerity Measures

The Huffington Post | Jacob Kerr | Posted 07.07.2015 | Politics

Democratic presidential candidate Sen. Bernie Sanders (I-Vt.) voiced his support for Greece’s decision to reject a bailout deal that would have come...

A Corpse Can't Carry Out Reform in Greece. Here's What Can.

Jeffrey Sachs | Posted 07.06.2015 | World
Jeffrey Sachs

QUITO -- No country -- including Greece -- should expect to be offered debt relief on a silver platter; relief must be earned and justified by real reforms that restore growth, to the benefit of both debtor and creditor. And yet, a corpse cannot carry out reforms. That is why debt relief and reforms must be offered together, not reforms "first" with some vague promises that debt relief will come in some unspecified amount at some unspecified time in the future (as some in Europe have said to Greece).

Krugman Cheers Greece's 'No' Vote On Austerity

The Huffington Post | Alexander C. Kaufman | Posted 07.06.2015 | Business

“A ‘yes’ vote in Greece would have condemned the country to years more of suffering under policies that haven’t worked and, in fact, given the arithmetic, can’t work."

Why Greece Should Vote 'YES'

George Marios Angeletos | Posted 07.05.2015 | World
George Marios Angeletos

Greek voters should not give up on their demand for less austerity. But they should also condemn the failed strategies of this government, safeguard their position in Europe, and invest in the future.

This Greek Tragedy Could Be Europe's As Well

Jeff Faux | Posted 07.05.2015 | Politics
Jeff Faux

Like the chorus of a drama played out in some ancient Athenian amphitheater, Europe's politicians and pundits chant that the Greeks deserve their fate; they violated the sacred dictum of the Gods of Finance -- that countries must not live beyond their means. Therefore, they must be punished.

The Case For Greece: When It Forgave Germany's Debt

AP | PAN PYLAS and DAVID MCHUGH | Posted 07.02.2015 | World

LONDON (AP) — Forgiving debt, if done right, can get an economy back on its feet. The International Monetary Fund certainly thinks so, according to...

Elderly Greeks Try To Claim Their Pensions Amid Crisis

The Huffington Post | Nick Robins-Early | Posted 07.01.2015 | World

Thousands of elderly Greeks gathered at banks around the country on Wednesday after a number of branches temporarily opened to allow them to collect 1...

Why Greeks Might Accept More Austerity in Sunday's Vote

Daniel Gros | Posted 07.01.2015 | World
Daniel Gros

BRUSSELS -- The feeling of belonging to Europe might make the difference. It might lead a majority of Greeks to accept another austerity program, and prevent Greece from repeating Argentina's tragedy.

Let Greece Leave the Eurozone

Ivan Eland | Posted 06.30.2015 | World
Ivan Eland

Greece has long been irresponsible financially -- originally having excessive pensions, early retirement ages, an over-regulated and corrupt economy, 20 percent of the workforce in the employ of a bloated government, and uneven tax collection.

EU Tells Greeks 'Door Still Open' To Deal, Makes Offer Public

Reuters | Posted 06.28.2015 | World

By Alastair Macdonald BRUSSELS, June 28 (Reuters) - EU chief executive Jean-Claude Juncker launched a last-ditch drive on Sunday to pe...

Greek Offer In Bailout Talks Stirs Angry Backlash At Home

Reuters | Posted 06.23.2015 | World

By George Georgiopoulos and Michele Kambas ATHENS, June 23 (Reuters) - Greece's leftwing government expressed confidence on Tuesday that parliament...

The Victimization of the Greek People Must Stop

Nicos E. Devletoglou | Posted 06.17.2015 | World
Nicos E. Devletoglou

Isn't it, too, almost an indecent albeit dangerous spectacle of the European Union, a superpower, to go on threatening, when not cajoling, the government of a small member-state on its strategic southern periphery?

Greek PM Tsipras Insists On Debt Relief As Negotiations Resume

Reuters | Posted 06.13.2015 | World

ATHENS/BRUSSELS, June 13 (Reuters) - Greek Prime Minister Alexis Tsipras said he was willing to accept unpalatable compromises to secure a deal with i...

The Greek Crisis Needs Mediation Now, Not More Confrontation

Nicos E. Devletoglou | Posted 05.26.2015 | World
Nicos E. Devletoglou

Greece needs an honest break to get ahead: by completing ex post all known far-reaching structural reforms required to help transform its economy -- languishing in disarray for too long -- into an engine of progress.

The Greek Default Will Be Soon... Drachma Here We Come

Richard Finger | Posted 06.26.2015 | World
Richard Finger

Greece will reintroduce the Drachma, which, I predict, will initially devalue at least 30 or 40 percent versus the Euro. Unfortunately, Greece imports are nearly twice their exports ($60 billion to $33 billion).

Greece Accuses Spain, Portugal Of Conspiring To Topple Anti-Austerity Government

Reuters | Posted 04.30.2015 | World

* Spain, Portugal leading "axis of powers" against Athens-PM * Portuguese leader denies taking hard line on Greece * Ger...

IOU 240 Euros, It's My Problem; IOU 240 Billion Euros, It's Your Problem!

Terry Connelly | Posted 04.19.2015 | Business
Terry Connelly

The first thing to know is that nobody should sell or buy a lot of US stocks or bonds because of the unfolding late-inning melodrama between the new g...

Greek Debt Talks Break Down

Reuters | Posted 02.16.2015 | World

By Renee Maltezou and Jan Strupczewski BRUSSELS, Feb 16 (Reuters) - Talks between Greece and euro zone finance ministers over the country's debt br...

Greece Braces For Talks With Germany Amid Market Relief

AP | DEREK GATOPOULOS and COLLEEN BARRY | Posted 02.03.2015 | World

ATHENS, Greece (AP) — Greece's new anti-bailout government confirmed it will hold meetings with lead lender — and critic — Germany this week aft...

The Greek Elections and European Absurdity

Kostas Vergopoulos | Posted 04.04.2015 | World
Kostas Vergopoulos

If there is one thing that has poisoned the European economy after the 2008 crisis, it is the German idea that a purge comes before a recovery.